CNET article reviews and reflections. 2 Essay Example | Topics and Well Written Essays - 1250 words

CNET article reviews and reflections. 2 - Essay Example The performance of Microsoft was even worst in regards to items purchased per customer. Shoppers at the Microsoft store only bought 3.5 items per hour, while customers at the Apple store purchased 17.2 products per hour. One of the reasons for the big advantage in products sold was the sales Apple generated in the music player segment of the market. Apple sold during the time Monster performed its observation 11 iPods per hour. Microsoft did not sell a single Surface during the two hour observation period. One of the limitations of the study was the fact that Gene Monster performed the market research only at one store of each company. The results might have varied a lot at other establishments across America. The discussion of the performance of Microsoft and Apple during Black Friday was very interesting. I believe that the primary reason that Apple outperformed Microsoft is because Apple has a superior product line of electronic gadgets and products. Apple has been more effective at performing research and development to create products that the customers desire. The marketing efforts of Apple have also been more effective than Microsoft. For Microsoft to compete better with Apple the firm must create new innovative products. To improve innovation at Microsoft the firm must recruit young skilled professionals. The startup online company DogVacay is dedicated to matching people that need a dog sitter with people that are willing to take care of the dogs. The company launched its services in March of 2012. The firm has been able in eight months to sign up 8,000 hosts to its network. The rapid growth of the firm attracted venture capitalists. The CEO of the company just received a $6 million investment from Benchmark Capital. Benchmark Capital negotiated in the deal the inclusion of one of its partners, Bill Gurley, to be added to the board of directors of DogVacay. The initial funding of the company came from Science Inc. One of the reasons

In this age of globalisation, while it is absolutely necessary for Essay

In this age of globalisation, while it is absolutely necessary for large listed companies in different countries to prepare fina - Essay Example It focuses on effective use of the resources in a dynamic and competitive environment. Therefore, management accounting is concerned with resource management for facilitating decision making in an organization in tune with the changes continuously taking place due to various factors which may be internal or external to the business. International Financial Reporting Standards have not been developed with a view to report management decision making or management control. However, changes in the technology sphere, especially information technology enabled development of Management Accounting Software involving complex analysis of the business situations for the purpose of making strategic management decisions. Globalization and liberalization of the economies calls for uniformity and standardization in various fields for easy dissemination of information. Therefore, the need for uniformity in management policies, procedures and methods of applications of management techniques will even tually lead to incorporation of management accounting in IFRS over a period of time. Evolution of standards The developments taking place in the businesses are accepted slowly and shaped up by the conventions followed in the society or country in the early stages. These principles undergo various judicial tests in the evolutionary process before passing through the legislature. Therefore translation of the management accounting concepts into International Financial Reporting Standards will take time, since management accounting is relatively new compared to financial accounting which has been followed by the business for many centuries. There are differences in its adoption even in the developed countries. For instance, â€Å"there are many major differences between IFRSs and the standards issued by FASB (USA), although efforts are underway to remove them to ensure convergence† (Banerjee, 2010, p. 685). For example, the practical considerations such as adoption of current val ue for the purpose of valuation of say, land or properties will be relevant in decision making process, whereas under GAAP it is required to be stated at historical cost in the financial reports. The transitional process from GAAP to IFRS in US is expected to begin in 2014. The adoption of Management accounting in developing countries is still restricted only to the larger companies. Therefore, accounting bodies of these countries are not in a hurry to push forward the cause of management accounting at this stage. The adoption of management accounting practices by an organization is a prerequisite for management accounting reports, and it will happen only when the benefits are appreciated at the company level and the cost of operating a suitable system in respect of collection and analysis of data is reasonable and consistent with the benefits derived. Impact of IAS and IFRS on Management Accounting Prochazka and Ilinitchi (n.d.) state â€Å"The implementation of IFRS into Czech le gislation has brought new quality to financial reporting. Due to their usefulness, IFRS infiltrate into management accounting systems. In fact, in many companies IFRS carry out (satisfy, meet) the function of internal management accounting (with some modification allowing better internal performance evaluation).† However, it is restricted to certain disclosures where information available from the financial accounts is not adequate. The level of integration of financial and management accoun